November 2022

Danish pension fund cuts China exposure

PFA, Denmark’s largest commercial pension fund, has exited two Chinese clothing manufacturers and is discussing how to handle its other China holdings amid an evolving risk environment, reports Bloomberg. The Copenhagen-based fund, which manages about $100 billion in assets, has sold out of Anta Sports and Li Ning, Rasmus Bessing, chief operating officer at PFA Asset Management, said in an interview. The holdings were worth around $4.2 million, he said. “We see China and the political development and believe that there...

Diversificar las inversiones, reto de las afores: Amafore

Con recursos administrados por 4.972 billones de pesos a octubre del 2022, las Afores se enfrentan al reto de seguir diversificando las inversiones para incrementar el rendimiento del ahorro de los trabajadores mexicanos, sentenció el presidente de la Asociación Mexicana de Afores (Amafore), Bernardo González Rosas. Al inaugurar el Encuentro Amafore 2022, destacó que en los últimos 25 años prácticamente 50% de los recursos administrados por el Sistema de Ahorro para el Retiro (SAR) han sido resultado de los rendimientos...

Mayor fondo de pensiones de Colombia busca seguridad en el dólar

El mayor fondo de pensiones de Colombia busca refugio en el dólar a medida que empeora el panorama mundial y las reformas propuestas por el presidente Gustavo Petro amenazan con socavar el crecimiento. Leonardo Mila, estratega jefe de Porvenir SA, que supervisa alrededor de 180 billones de pesos (US$37.000 millones), dijo que el dólar ha sido clave para diversificar sus tenencias de activos de mayor riesgo, incluidos los bonos del país denominados en pesos conocidos como TES. “En medio de la...

México. Trabajadores, tope a cobro de comisiones en Afores les dejará millonario ‘guardadito’

Con el tope de 0.56 por ciento al cobro de comisiones sobre saldo administrado de las Afores, se dejarán en las cuentas de los trabajadores 143 mil millones de pesos adicionales para 2030, destacó Luisa María Alcalde, secretaria del Trabajo. La funcionaria enfatizó los beneficios que dejó para los trabajadores la reforma pensionaria de 2020, entre ellos el tope a comisiones; el incremento en la aportación patronal, y la reducción en las semanas de cotización. De hecho, reveló que 95 por...

Confianza, clave para fomentar ahorro pensionario: BlackRock

Peter Fisher, líder de la iniciativa global para el retiro de BlackRock, destacó que México se encuentra en una situación de privilegio al ser un país “relativamente joven”, lo que lo convierte en un foco de atracción para inversionistas globales dado el potencial que tiene hacia futuro. Durante su intervención en el Encuentro Amafore 2022, el directivo de la gestora de fondos más grande del mundo señaló que en un ambiente de alta volatilidad en los mercados como el actual,...

EU regulators seek input on greenwashing

European financial regulators issued a call Tuesday for stakeholders to help them better understand greenwashing features, drivers and risks, and to identify potential greenwashing practices. The call for evidence came from the European Union's European Supervisory Authorities, consisting of the European Banking Authority and European Securities and Markets Authority in Paris and the European Insurance and Occupational Pensions Authority in Frankfurt. In the statement, the ESAs cited "rapidly evolving regulatory regimes" as well as growing demand for sustainability-related products and "the...

How will aging nations pay for their retirees?

If governments rack up debt to support their senior citizens, inflation may be here to stay As the world’s population crosses 8 billion, it’s getting older. On average, the bloom of youth came around 1970, when the median age of the world was roughly 21; by 2100, that figure will have climbed to 41 or 42. Forty is, of course, the new 20⁠—but this number is just an average. Many countries, particularly in Africa, will be younger, but the world’s most...

Analysis: Italy’s Meloni needs urgent fix for ballooning pensions bill

Italy's new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and looks increasingly unsustainable in the face of surging inflation. Rome already has the highest pension bill in the 38-nation Organisation for Economic Cooperation and Development, and says outlays will climb by 58 billion euros ($60.35 billion), or 19.5%, by 2025 as rising prices boost index-linked payouts. With one of the world's oldest populations and low birth and employment rates, Italy...

Getting In On The Act: A New Generation Of Investors Is Here

Gen-Z and millennials are digital natives, caring about climate change, advocating for fair practices, and seeking impact investments that align with their values, and offer more than a short-term financial return. The investment world has undergone rapid change since the onset of the COVID-19 crisis. Data shows that global venture funding reached a record US$621 billion in 2021- more than double the 2020 mark of $294 billion. It is also swinging away from the historically dominant US, with Asia now...

Germany. Social partners move forward to implement pure DC plans

German employer and employee representatives are taking the first steps to implement the social partner models for pensions signed up recently, under a new legal framework, with other candidates planning to offer pure defined contribution (DC) schemes. The investment strategy under the social partner model set up by energy company Uniper with unions is taking shape, with a social partner advisory board – Sozialpartnerbeirat – constituted last week, that has decided on asset class allocation, and the upper limit of...